MACROECONOMICS W/CONNECT
18th Edition
ISBN: 9781307253092
Author: McConnell
Publisher: Mcgraw-Hill/Create
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Question
Chapter 20, Problem 1RQ
To determine
The absolute advantage of making bicycles.
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For each hour worked, a U.S. worker can produce 4 loaves of bread, or 2 tons of
steel. Canadian workers can produce 2 loaves of bread, or 1 ton of steel per
hour. The information indicates that:
O A. Canada has comparative advantage in steel, and the U.S. has comparative advantage in
bread.
O B. neither country has comparative advantage in steel or bread.
O C. Canada has comparative advantage in bread, and the U.S. has comparative advantage in
steel.
O D. the U.S. has comparative advantage in both steel and bread.
Unsure
9- Given that, the opportunity cost for producing 1 million kg of shrimps for
island A is 1.5 million kg of papayas. While, the opportunity cost for producing 1
million kg of papayas for island B is 0.5 million kg of shrimps. The value of Y is: "
10.5
О 3.5
O 21
Suppose that Lo and Manuel can either run errands or wash dishes. Their maximum
outputs per hour are listed in the following table. Assume that opportunity costs are
constant.
Errands Run
Dishes Washed
Lo
60
Manuel
40
(a) Who has absolute advantage in running errands? [ Select ]
(b) Who has comparative advantage in washing dishes? [Select]
[ Select ]
Lo
Manuel
>
>
Chapter 20 Solutions
MACROECONOMICS W/CONNECT
Ch. 20.2 - Prob. 1QQCh. 20.2 - Prob. 2QQCh. 20.2 - Prob. 3QQCh. 20.2 - Prob. 4QQCh. 20 - Prob. 1DQCh. 20 - Prob. 2DQCh. 20 - Prob. 3DQCh. 20 - Prob. 4DQCh. 20 - Prob. 5DQCh. 20 - Prob. 6DQ
Ch. 20 - Prob. 7DQCh. 20 - Prob. 8DQCh. 20 - Prob. 9DQCh. 20 - Prob. 10DQCh. 20 - Prob. 11DQCh. 20 - Prob. 12DQCh. 20 - Prob. 13DQCh. 20 - Prob. 14DQCh. 20 - Prob. 1RQCh. 20 - Prob. 2RQCh. 20 - Prob. 3RQCh. 20 - Prob. 4RQCh. 20 - Prob. 5RQCh. 20 - Prob. 6RQCh. 20 - Prob. 7RQCh. 20 - Prob. 8RQCh. 20 - Prob. 9RQCh. 20 - Prob. 10RQCh. 20 - Prob. 11RQCh. 20 - Prob. 12RQCh. 20 - Prob. 13RQCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4P
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